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The partnership, DragonSlate, plans to build a world-class media company by producing a multi-million dollar slate of films and TV projects.

Former Dune Entertainment chairman Greg Coote has formed a joint venture with Malaysian producer Leon Tan to tap the expanding Asian media development and production sector.

DragonSlate plans to build a world-class media production company in Malaysia by producing a multi-million dollar slate of films and TV projects, made predominantly in Malaysia with key international partners/producers, the group said in a statement.

The new company has already structured an international slate of feature films and TV projects and plans to put at least two films into production in 2014. Details on the projects and DragonSlate's principals will be announced soon.

"Malaysia has dynamic and hungry filmmakers, award-winning expertise and talent and a conducive environment to nurture a world-class film and TV production hub, backed by both public and private sectors," veteran producer Coote said.

Tan said the joint venture already had a slate full of exciting projects in development.

"I look forward to a long and fruitful partnership with Greg, and together we’ll provide a great showcase for Malaysian stories and talents, and put Malaysia firmly on the global map of world-class filmmaking," said Tan, producer of the 3D stereoscopic animated feature War of the World: Goliath.

Last month Coote formed a $50 million film fund with David Calvert-Jones.

"I believe the world will be surprised and impressed with the film and TV projects coming soon from DragonSlate and its Malaysian colleagues,” said Coote.

As chairman and CEO of Dune, Coote co-financed over 60 20th Century Fox movies, including James Cameron's Avatar, the highest-grossing movie of all time.

He was founding president and CEO of Village Roadshow Pictures, during which time he linked up with Warner Bros and greenlit The Matrix.

The company will have operations in Los Angeles, Kuala Lumpur and Singapore and its strategic investor is the Malaysia Venture Capital Management Berhad (MAVCAP), Malaysia’s largest venture capitalist, wholly owned by the Minister of Finance Inc.